⸺ Obituary · August 9, 2011 ⸺
“The Bitcoin Is Dying. Whatever.”
— Gizmodo Australia, Adrian Covert
“So Bitcoin, we’ll remember the good times, like the time that one guy who got heat stroke while mining Bitcoins. Or the time there was the great heist caper that shut down trading site Mt Gox for an entire day. The lulz were abundant. But frankly, it’s time for you to go. Farewell.”
Price at death
$9.99
Today
$73,594
Resurrection
×7367
On 2011-08-09, Adrian Covert (Author) declared Bitcoin dead via Gizmodo Australia. Bitcoin was trading at ~$10 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on August 9, 2011, when one Bitcoin traded for approximately $9.99. Since then, Bitcoin has appreciated by 7367× relative to the price on the day Gizmodo Australia pronounced it finished.